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BCHT Birchtech News Story

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Birchtech Q1 revenue rises 32%; adj EBITDA loss narrows

Overview

US specialty activated carbon firm's Q1 revenue rose 32% yr/yr on water and air business growth

Adjusted EBITDA loss for Q1 narrowed to $1.0 mln from $1.2 mln a year ago

Company launched SEA-IX nuclear-grade resin line, began $78 mln patent judgment collection efforts

Outlook

Company expects continued expansion in water business over the next several months

Result Drivers

WATER TREATMENT GROWTH - Co said Q1 revenue increase was primarily due to growth in water treatment revenue, including launch of SEA-IX nuclear-grade ion exchange resin line

AIR BUSINESS - Co said increased revenue from air business contributed to Q1 revenue growth

LICENSING REVENUE DECLINE - Q1 revenue growth partially offset by absence of prior-year one-time licensing fee

Company press release: ID:nGNX3Fcvw0

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$4.20 mln$3.80 mln (1 Analyst)
Q1 Adjusted EBITDAMiss-$994,000-$900,000 (1 Analyst)
Analyst Coverage The one available analyst rating on the shares is "buy" NOT AVAILABLE For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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